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Campaigns / Starboard Value → GCP Applied Technologies
Starboard Value vs. GCP Applied Technologies

GCP Applied Technologies · GCP

2 decks published between 2020-04-30 and 2020-05-11 — 160 pages, 160 analysed slides total.

proxy fight

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2020-04-30 proxy fight

    2020 04 ex1todfan14a06297245_043020

    131pp · full_deck

    Four years post-spinoff, GCP has lagged peers on growth, margins, and stock price under an insular, interconnected Board; replace nine directors and unlock ~600 bps of EBIT margin expansion.

    N 4 V 3 C 3
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  2. 2020-05-11 proxy fight

    2020 05 ex1todfan14a06297245_051120

    29pp · full_deck

    Starboard rebuts GCP: stock has lagged peers on every milestone since the 2016 spin-off, and Starboard's superior director slate can finally drive the turnaround management hasn't delivered.